XBT Motorist retweeted
Green Bay @packers play an OT game and then get blown out on a short week. OT is too long but the @NFL changed the rules to make OT even longer
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XBT Motorist retweeted
RIP Lawrence Tanner. Iconic voice. Lakers arena announcer since the 80s
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XBT Motorist retweeted
Blocks mined with the miners own node: Bitcoin sha256 - 2% Bitcoin b2b - 33%-50% Looking forward to the next update!
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XBT Motorist retweeted
Node runners are forcing "miners" to be node runners also. It's working and the result will be more decentralised than anything else that exists. That's just the truth. Any bitcoiner who isn't following this is actually a shitcoiner.
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Without forks, Bitcoin would have been long dead. Forking is an important part of Bitcoin. Don't expect numbskulls like clownsuit to understand this.
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XBT Motorist retweeted
Replying to @zndtoshi
. . .and increase coinbase maturity requirements. Have fun staying core
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XBT Motorist retweeted
While most survivor pools suffered widespread carnage in week 2, it was a relatively quiet week for Satoshi Sharps with only 14.3% of the pool eliminated. We really are a sharp pool
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SHA-coiners are shitcoiners. ViaBTC forked off of Bitcoin twice
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XBT Motorist retweeted
I gotta say it was a good day
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XBT Motorist retweeted
Football's back! @pikkitsports
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XBT Motorist retweeted
Replying to @LastMenPod
Tell me about it
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XBT Motorist retweeted
Great TD by TreVeyon Henderson but please take THREE FULL STEPS in the end zone before dropping the ball. That was close to a goal line fumble #Patriots
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XBT Motorist retweeted
Week 2 picks for Satoshi Sharps
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There's no such thing as 12 P.M. or 12 A.M. 12 P.M. and A.M. are both an artifact of the early digital clock era. It's 12 noon and 12 midnight. Or just noon and midnight if you're into brevity
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XBT Motorist retweeted
That's college football for you
THIS PLAY ⬇️⬇️⬇️⬇️⬇️⬇️⬇️
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Get the fuck outta here. #BIP110 #BLAKE2b
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XBT Motorist retweeted
The reason XBT should lengthen the coinbase maturity is not because of a reaction to Alpha Pool. It’s to better align the time preferences of those making decisions on consensus rule changes. This requires some background. For five years now we’ve wondered if mining is even profitable - Fees have disappeared - Anyone who’s bought mining equipment wishes they bought coins instead - 99% of coins have been mined - The bitaxe community sees profit as missing the point - We wonder if the only “profitable” corporate miners are those propped up by fiat funding - MARA bailed even with fiat funding. Things were different a decade ago. Clearly mining profitably part of Satoshi’s incentive model. What’s changed? Fees have disappeared due to a growth of trust in second layers and institutional paper. Sure Liquid failed but that’s small in comparison to the trend. Demand for on-chain monetary txs has dropped which has incentives arbitrary data storage. All this on top of the fact that the mining reward is a small fraction of what it used to be. Did speculation build up mining infrastructure far larger than it reasonably should have? Yes it probably overshot, but that doesn’t affect the underlying dynamic. The main issue is that miners (in aggregate) now have a shorter timescale view of what success means, compared to the hodler-node runner community (in aggregate) Sure industrial miners have large up front costs they don’t want to waste. But the monthly cash flow compared to electricity costs is their main game. Also mining hardware is dead after 5 years. The hodler/node runners are in this for life. This is world changing, forever money to them. It’s personal. It’s the only thing they trust for their retirement. These two communities are strange bed fellows to come together consensus rule changes. The reason XBT should lengthen the coinbase maturity is not because of a reaction to Alpha Pool. It’s something much deeper. Requiring a longer time before a coinbase reward becomes spendable explicitly makes the miner or pool operator think about a time in the future. Imagine coinbase maturity is lengthened to one year. The miner or pool operator is at least incentivized to care if the coin is operational a year from now. Sure that might make them struggle to meet monthly electricity bills. But only if they aren’t playing the reserve game. Feature not a bug. Perhaps that will decrease demand for mining, but I don’t think that is as important as aligning the time preferences of those trying to agree on consensus rules. TLDR - Increasing the coinbase maturity is software change that attempts to more align the time preference of miners (in aggregate) with the time preference of node-running holders (in aggregate) so that when it comes to consensus rule changes, the community is comparatively more on the same page.
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XBT Motorist retweeted
Replying to @JWWeatherman_
Let's get the order right. We wanted the filters to be updated in core. Core refused so we ran filters on Knots. Then core went BSV on us by removing the OP_RETURN filter. We responded with a UASF that was several orders of magnitude more popular than the 2017 UASF. Finally, the state controlled mining pools forked off. We had no choice but to change POW. Bitcoin-SHA is no longer money. It is a Tether/NFT protocol. Most Bitcoiners are not interested in a Tether/NFT platform. Bitcoin-BLAKE is the only shot we have left for sound money
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